Dear Spiral Community,
We're excited to share the news of our partnership with Lake City Bank, a leading Indiana-based bank. With Spiral, Lake City Bank will be able to enhance its existing financial wellness efforts and grow deposits through personalized digital experiences that transform everyday debit card purchases into effortless savings and community impact.
Personalized Savings and Impact
By integrating Spiral's Roundup Center, which the bank has branded as Lake City Bank SpendSave, seamlessly into the digital banking experience, their customers can automatically round up their everyday debit card purchases and direct the spare change toward their savings goals or support their favorite charitable causes, directly benefiting their communities and nonprofits.
"Lake City Bank remains focused on offering our customers advanced financial products that promote their economic wellness," said Stephanie Leniski, Executive Vice President, Chief Retail Banking Officer at Lake City Bank. "With our SpendSave solution powered by Spiral, customers can automatically work toward their financial aspirations, all through their regular debit card purchasing patterns. As a community bank, we’re particularly proud to offer a convenient option for customers to support their favorite charitable causes with this new solution."
Helping Customers and Communities Thrive
Customers can allocate their roundups entirely to savings or split them between savings and charitable giving. Moreover, they will also be able to support community and national nonprofits, as well as contribute to local causes such as affordable housing, financial education, and community development. This personalized experience also includes real-time impact tracking and tax-deductible donation receipts.
"Lake City Bank's focus on empowering financial wellness and embracing digital transformation for their communities is remarkable," said Shawn Melamed, CEO and Co-founder of Spiral. "We're enthusiastic about enabling more banks to enrich their customers' financial journeys while increasing deposits and strengthening community ties."
See It in Action
To discover how Spiral's platform can help your institution grow core deposits while boosting retention and loans, book a demo today.
